Replication data for: The Price of Growth: Consumption Insurance in China 1989–2009
- Santaeulàlia-Llopis, Raül
- Zheng, Yu
AbstractWe exploit a novel and unique opportunity to document the transmission of income risk to consumption in a growing economy. Our laboratory is China, an economy that has witnessed enormous and sustained growth. We build a long panel of household-level consumption and income data. We find that consumption insurance deteriorates along the growth process with a transmission of permanent income shocks to consumption that at least triples from 1989 to 2009. Although preliminary, our welfare analysis suggests that the loss of consumption insurance can have first-order implications for the welfare assessment of economic growth.
Is supplement to
DOI: 10.1257/mac.20160250 (Text)
Santaeulàlia-Llopis, Raül, and Yu Zheng. “The Price of Growth: Consumption Insurance in China 1989–2009.” American Economic Journal: Macroeconomics 10, no. 4 (October 2018): 1–35. https://doi.org/10.1257/mac.20160250.
- ID: 10.1257/mac.20160250 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13